Zip 44145 (Westlake, OH) Economy


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Westlake, OH is a vibrant city located in the state of Ohio. The two bedroom rent in Westlake is $1,390 which is slightly lower than the US average at $1,430. The Grocery Cost Index for Westlake is 103 versus 100 in the US. This means that groceries cost only 3% more in Westlake than they do on average across the US. There are numerous local companies in Westlake that contribute to its unique culture. Among them are The Reserves Network, an employment agency; Kichler Lighting, a renowned lighting company; and LTC Language Solutions, a translation services firm. Each company contributes to the economic growth of Westlake and offers residents access to quality services and goods.

Westlake (zip 44145) has an unemployment rate of 4.6%. The US average is 6.0%.

Westlake (zip 44145) has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 25.3%, which is lower than the US average of 33.5%.

Tax Rates for Westlake (zip 44145)
- The Sales Tax Rate for Westlake (zip 44145) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Westlake (zip 44145) is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Westlake (zip 44145)
- The average income of a Westlake (zip 44145) resident is $46,435 a year. The US average is $28,555 a year.
- The Median household income of a Westlake (zip 44145) resident is $98,285 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWestlake, OhioUnited States
  4.66
  -10.1%-6.2%
  25.3%33.5%
  8.0%6.2%
  5.0%4.6%
  $58,539$37,638
  $98,285$69,021
  $130,022$85,028
  Population by Occupation
  0.0%1.2%
  0.2%0.5%
  5.7%6.8%
  11.2%10.0%
  2.7%2.5%
  8.3%11.0%
  3.4%4.8%
  0.8%0.8%
  2.2%1.9%
  6.9%4.7%
  2.1%1.9%
  13.2%7.6%
  0.3%0.1%
  2.6%4.2%
  7.7%9.3%
  17.1%14.0%
  3.0%2.1%
  5.9%7.0%
  2.7%4.8%
  4.0%4.7%
Reviews for Westlake
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Over 13 years ago

Neigborhood is quiet and well kept. All homes are cluster style built in 2005.  More

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